Addition to The Melanion Bitcoin Exposure Index - Melanion Capital, an independent investment management company based in Paris, and Bita GmbH, one of the world's most technologically advanced index platforms, launched the Melanion Bitcoin Exposure Index in April of 2021.
- The Index tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin.
TORONTO, Jan. 24, 2022 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralised finance, announced today that it has been added to The Melanion Bitcoin Exposure Index (the "Index"). This unique index, sponsored by Melanion Capital and administered by Bita GmbH ("BITA"), marks the first milestone in the development of an innovative Digital Asset business for Melanion Capital.
Melanion Capital, an independent investment management company based in Paris, and BITA, one of the world's most technologically advanced index platforms, launched the Melanion Bitcoin Exposure Index in April of 2021.
The Index is the first of its kind due to its unique methodology based on beta weighting which bridges the volatility gap between equities and Bitcoin. It tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin.
"DeFi Technologies' addition to the Melanion Bitcoin Exposure Index is a tremendous honour. This accomplishment reflects the fact that other innovative companies in the digital asset space are taking notice of our world class exchange traded products," said Russell Starr, CEO of DeFi Technologies. "Melanion Capital is a premiere name in the digital asset space and we are happy to help provide yet another avenue for investors to access decentralized technologies through traditional capital markets."
"DeFi Technologies Inc., deriving most of its revenues from crypto asset management and trading has fulfilled all the eligibility criteria to be included in our Melanion Bitcoin Exposure index universe," said a representative from Melanion Capital. "From this eligible group of companies, companies are then ranked according to their correlation to Bitcoin and being ranked amongst the top 30 highest correlated securities to bitcoin measured by their beta score. We are pleased to welcome DeFi Technologies to our Index."
Learn more about DeFi Technologies at defi.tech.
About Melanion Capital
Melanion Capital is an alternative investment management company specialized in digital assets. Regulated by the French Autorits des Marchs Financiers. Melanion is the issuer of the first Bitcoin thematic UCITS ETF. Melanion is also the founder of Melanion Digital, a Bitcoin focused company giving its shareholders an active exposure across the Bitcoin ecosystem and beyond. For more information visit https://www.melanion.com
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralised finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://defi.tech/.